Who is FXIFY in the Prop Trading Industry?
FXIFY prop firm is an online funding platform operating as a proprietary trading firm, also one of the best prop firms. Its core function involves funding traders, enabling them to trade various financial instruments such as Forex, stocks, commodities, Crypto, and indices. Established to deliver a distinct trading experience, FXIFY prop firm stands out among other competent trading companies.
Understanding the diversity in traders’ styles and preferences, FXIFY prop firm has crafted offers allowing traders to personalize their trading experience and tailor their own account structures. One of their standout offerings includes rapid payouts, enabling traders to request withdrawals immediately after closing their first profitable trade on a funded account. These payouts, facilitated through Deel payment solutions, are swiftly processed within 24 hours, setting FXIFY apart from its counterparts.
This feature ensures traders receive their initial sign-up fee promptly upon their first profitable trade, affording them the choice to continue trading or withdraw their assets at their discretion. This unique aspect contrasts sharply with other prop firms, where traders typically endure waiting periods ranging from 2 weeks to 30 days before accessing their profits.
The FXIFY team comprises seasoned professionals: David Bhidey, Peter Brown, and Robert Winters, boasting a combined experience of over 30 years in trading and brokerage. Established in March 2023, FXIFY prop firm is officially registered in London, United Kingdom, operating under the name FXIFY Solutions Limited, with the registration number 14451720.
Benefiting from the support of FXPIG, a well-regarded Forex broker entrenched in the retail financial markets for 13 years, FXIFY enjoys a solid backing. FXPIG has a history of serving as a broker for one of the largest prop firms in the industry. With stellar customer ratings, numerous payout validations, and a solid foundation, FXIFY stands as a legitimate and reputable proprietary trading firm.
FXIFY Owner and Registration
As previously mentioned, FXIFY prop firm offers traders access to funded accounts, enabling them to engage in a diverse array of markets, including stocks, cryptocurrencies, indices, and Forex pairs, encompassing over 300 trading instruments. With an extensive selection of more than 15 payout options available via Deel, FXIFY caters to the preferences of a wide range of traders.
Tailoring its offerings to accommodate traders of varying experience levels, FXIFY prop firm provides different types of accounts suitable for anyone, regardless of their skill level news trading side.
FXIFY prop firm operates through either a one-phase evaluation process or a two-phase challenge, allowing traders to showcase their trading skills. Upon successful completion of the challenge, FXIFY prop firm grants access to join a funded account, offering the potential to generate profits beyond what’s typically achievable through a brokerage.
One of the appealing aspects of FXIFY prop firm is its flexibility, allowing traders to customize their trading accounts to align with their unique trading styles. For instance, during the evaluation phase, traders can adjust account leverage, enabling them to trade at their preferred pace. This level of customization extends to choosing payout periods, enjoying unlimited trading days, and accessing either the FXIFY MT4 or MT5 trading platforms.
FXIFY Customizable Account and Features
FXIFY’s spreads
remain highly competitive compared to counterparts within the prop firm landscape, offering traders the choice between raw spreads paid, or commission-free, all-inclusive pricing feeds. This flexibility underscores the firm’s commitment to ensuring trader satisfaction and account growth, exemplifying their dedication to trader success.
Profit sharing
FXIFY prop firm provides a profit split of up to 90% when traders make profits. The account add-ons offer the flexibility to create and customize accounts, influencing the potential profit split. Notably, the payout process is exceptionally swift, enabling traders to make their first profit and withdraw it on the very first day of trading a funded account.
Leverage options
Leverage options at FXIFY are designed with traders in mind, offering customization up to 50:1 based on individual preferences. The standard account provides 30:1 leverage, while traders with a more aggressive approach can opt for 50:1 bonus leverage, facilitating faster profit scaling for experienced traders.
FXIFY’s scaling plan
FXIFY’s scaling plan stands out, allowing traders the opportunity to grow their account balance up to $4,000,000 in capital, marking it as one of the most generous prop firms available.
The customizable features of FXIFY accounts empower traders with the advantage of various options, such as unlimited trading days, an enhanced profit split from 75% to 90%, and the ability to alter the payment structure from monthly to bi-weekly payments. These features aim to cater to diverse trader needs and preferences, fostering an environment conducive to individual trading strategies and goals.
FXIFY Rules
The FXIFY trading rules governing funded accounts mirror those of the Assessment accounts, differing mainly in the parameters and drawdown regulations for phase 1 and phase 2 programs. However, in a Funded account, there isn’t a specific profit target to achieve.
FXIFY One Phase Rules
Within all FXIFY 1-phase challenge programs, traders must agree to encounter a 10% profit target, a 5% daily drawdown limit, a 6% maximum drawdown, a minimum of 5 trading days, a maximum of 30 trading days (with unlimited days available), a profit split ranging from 75% to 90%, leverage up to 50:1, and a one-time refundable fee.
FXIFY Two Phase Rules
The FXIFY 2-phase challenge program sets two challenges with a 10% profit target for the first step of the assessment and a 5% profit target for the subsequent step, coupled with a 5% daily loss limit, a 10% maximum drawdown, a minimum of 5 trading days, 30 trading days for step 1, 60 trading days for step 2 (with unlimited days available), up to a 90% profit split, leverage up to 50:1, and a one-time refundable fee.
Drawdown Type
Notably, the drawdown type differs between the 1-phase and 2-phase challenge accounts. In terms of the 1-phase challenge, the drawdown type is trailing, meaning it increases as the account equity rises until the trader reaches a 6% profit, after which it becomes static. Conversely, in the 2-phase challenge, the drawdown type is static, initially fixed at the starting balance and doesn’t increase even if the account equity rises.
The FXIFY review depicts the prop firm as one of the premier choices among its counterparts, lauded for its innovative features and exceptional offerings that set it apart. A standout feature is the ability for traders to withdraw as little as $10 in profit from their account, available from the outset of trading a funded account.
One particularly appealing aspect is the affordability of FXIFY’s challenge programs. They offer a $15,000 account for only $99, and their $100,000 challenge program is notably inexpensive at just $475. This means access to a $100,000 challenge account with unlimited trading days can be obtained for less than $500. Additionally, using FXIFY discount codes such as SOCIAL20 & AUG15 grants traders a 20% or 15% extra saving on fees upon signing up for the FXIFY prop firm free challenge accounts.
When considering these impressive features alongside the website, user-friendly interface and cutting-edge analytics tools, it becomes evident that FXIFY prop firm is a truly distinctive trading platform. It offers an array of advantages and unique features, providing traders with an exceptional and unparalleled trading experience.
The FXIFY review depicts the prop firm as one of the premier choices among its counterparts, lauded for its innovative features and exceptional offerings that set it apart. A standout feature is the ability for traders to withdraw as little as $10 in profit from their account, available from the outset of trading a funded account.
One particularly appealing aspect is the affordability of FXIFY’s challenge programs. They offer a $15,000 account for only $99, and their $100,000 challenge program is notably inexpensive at just $475. This means access to a $100,000 challenge account with unlimited trading days can be obtained for less than $500. Additionally, using FXIFY discount codes such as SOCIAL20 & AUG15 grants traders a 20% or 15% extra saving on fees upon signing up for the FXIFY prop firm challenge.
When considering these impressive features alongside the user-friendly interface and cutting-edge analytics tools, it becomes evident that FXIFY prop firm is a truly distinctive trading platform. It offers an array of advantages and unique features, providing traders with an exceptional and unparalleled trading experience.
How to Use FXIFY Discount Code?
Start your journey with FXIFY with a 151% discount click our link here.
1. Choose Your Challenge: Select the FXIFY challenge or account that aligns with your trading style and profit target. Look for the “Coupon Code” or “Discount Code” field in the dashboard during checkout. Enter the code and click “Apply” to unlock the FXIFY coupon code.
2. Proceed to Checkout: Add the challenge to your cart and proceed to the checkout page.
3. Pay and Receive Credentials: Review your order and put in your payments details and preferred payment method.
4. Enjoy Your Discount: The discount will be applied to your purchase, reducing the overall cost of the challenge.
